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If the market is fair but the price is wrong, the price will change. Creating fair markets should be the #1 goal of capitalism.
by debacle 14y ago
If the market is fair but the price is wrong, the price will change.
Creating fair markets should be the #1 goal of capitalism.
- gabemart 14y ago>If the market is fair but the price is wrong, the price will change. You're assuming that a price that no-one in a developing country can afford is the same as a price that is "wrong". It's perfectly possible that a price that no-one in a developing country can afford is "right" from an economic perspective in that it's profit maximizing for the producer.
- talmand 14y agoIf you have to sell your product at the "right" price, meaning profit, in a market that can't afford that price then the problem isn't the price; you are selling the "wrong" product.